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R-229 BOARD OF G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM 217 WASHINGTON ADDRESS April 16, 1938. Dear Sir: There is attached a copy of the report of expenses of the main lines of the Federal Reserve Leased Wire System for the month of March, 1938. Please credit the amount payable by your bank to the Board, as shown in the last column of the statement, to the Federal Reserve Bank of Richmond in your daily statement of credits through the Inter-district Settlement Fund for the account of the Board of Governors of the Federal Reserve System, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the credit. Very truly yours, Q/CfaoU/, 0. E. Foulk, Fiscal Agent. Inclosure. TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND >. OFFICIAL C O R R E S P O N D E N C E TO THE BOARD R-229-a 218 REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF MARCH. 1958 Words Sent Reserve ofWords B - ,, p Chargeable ^ r g l Total 2 Expenses Payable ^ B^ks Board »»£(a ISr "* Sent Boston New York Philadelphia Cleveland 58,476 .122,654 72,217 49,065 2,582 2,607 2,666 41,058 122,554 74,824 51,731 Richmond Atlanta Chicago St. Louis 48,603 63,286 84,569 71,761 2,576 2,516 2,809 2,529 51,179 65,802 87,378 74,290 675.10 867.99 1,152.60 979,96 184.14 276.07 1,154.78 252.08 Minneapolis Kansas City Dallas San Francisco 31,613 67,440 64,516 81,672 2,583 2,573 2,586 2,602 54,196 70,015 67,102 84,274 451.08 923.54 885.14 1,111.66 169.76 259.18 267.75 380.90 487,765 6,454.08 12,579.22 28,629 1,512,164 #17,508.74 Board of Governors Total 487,765 1,283,535 flZL — " # 541.60 1,616.61 987.00 682.38 I 514.75 I | 226.87 1,015.06 603.55 236.61 750.59 220.46 461.92 490.96 591.92 2.18(*) 727.88 281.52 664.56 617.39 730.76 #17,508.74 I $6,147.52 2.18(a) #6,145.14 (l) Based on cost per word ($.013190988) for business handled during the month. (2) Payments by banks are for personal services and payments by Board are for personal services ($1,472.80) and wire rental ($11,106.42). Personal services include salaries of main line operators and of clerical help engaged in work on main line business, such as counting the number of words in messages; also, overtime and supper money and Retirement System contributions at the current service rate. (-*) Credit (a) Amount reimbursable to Chicago.
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